Govt issues roadmap to banks on marijuana business

[OZ Stoners]

WASHINGTON (AP) — The federal government is giving banks a roadmap for doing business with marijuana sellers.

 

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[OZ Stoners]

The Obama administration on Friday gave banks a roadmap for doing business with legal marijuana sellers without getting into trouble, another step by the federal government toward enabling a legalized ...

 

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[OZ Stoners]

The marijuana industry breathed a sigh of relief Friday after federal banking regulators issued long-awaited permission for them to access basic banking services. But Colorado's pot pioneers said more ...

 

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[OZ Stoners]

WASHINGTON (AP) — The Obama administration on Friday gave banks a road map for conducting transactions with legal marijuana sellers so these new businesses can stash away savings, make payroll and pay taxes like any other enterprise. It's not clear banks will get on board.

 

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[OZ Stoners]

SEATTLE - For marijuana dispensaries around the country, the days of doing business in cash — driving around with bill-stuffed envelopes to pay the rent, or showing up at a state revenue office with $20,000 ...

 

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[OZ Stoners]

The Obama administration has advised US attorneys to show discretion if banks deal with stores selling pot in states that allow it.        

 

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